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" deadline less than a week from now. senate majority leader harry reid was reportedly at the capital on christmas working on a scaled-down plan to avoid tax hikes for all about the wealthiest americans. his plan would include short term spending cuts instead of long-term deals that had been sought. >>> from hawaii. comes word that president obama will cut short vacation and return to washington later today to take part in "fiscal cliff" negotiations. christmas day the president and first lady met with servicemembers and their families. the president told the marines he was grateful for their service and posed pour pictures. >>> recent college graduates are having a tough time getting jobs in their desired lines of work. according to the latest u.s. census figures about 2 60,000 young adults with college degrees in california are working in food service and retail. >> couldn't get a job in the field that i wanted to so i figured i have to start at the bottom. >> without higher paying jobs, it's that much harder for graduates to pay back student loans weapon tuition rising across the n
obama meets at the white house with senate majority leader harry reid, house minority leader nancy pelosi, senate minority leader mitch mcconnell and house speaker john boehner. they have only four days to reach an agreement or the u.s. economy will go off the so- called "fiscal cliff." that's when automatic spending increases and cuts would take effect. reaching a deal won't be easy because both sides are involved in a high stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at wah he proposes but the truth is we are coming up against a hard deadline and as i said this is a conversation we should have had months ago. >> reporter: democrats want to extend the bush-era tax cuts to everyone except those americans making $250,000 or more a year. many republicans are against any tax increases. most americans just want something to be done. >> people a
that if there is no agreement today, he will ask senate majority leader harry reid to bring to a vote his plan and that plan is to save those bush-era tax cuts for the middle class and also to save those unemployment benefits. he says he wants a straight "up" or "down" vote and if there are republicans who do not want this plan, they can vote no but he says the pickup has a right to know who is holding up tax breaks for the middle class. >> getting interesting. the market was down all five days last week although it was off christmas and lord knows it will go down if they don't get this thing figured out. danielle nottingham live in d.c., thank you. >>> and remember, you can keep tabs on the "fiscal cliff" talks 24/7 by logging on to our cbs5.com website. >>> a new health problem for secretary of state hillary clinton. she has a blood clot. she is in the hospital in new york this morning. the clot was discovered yesterday in a follow-up exam following the concussion she had this month. her spokesman says the clot is related to the concussion but is not saying exactly where that clot is located. she is being
in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short term spending cuts until a bigger dooley can be reached. >> it is going to be a patch because in four days we can't solve everything. >> reporter: while senators try to brave the bad weather that has hit many parts of the country, in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. >> good morning? >> reporter: house republicans scuttled the proposal from speaker john boehner last week and 48% of americans say they are to blame if no deal is reached. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> reporter: republican pollster frank lund says americans are fed up with gridlock in washington. >> there is no compromise and i think that's going to grow as a concern among the public into 2013. >> reporter: even starbucks is urging both sides to compromise. its employees are writing "come together" on coffee cups in d.c. t
Search Results 0 to 3 of about 4